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COMMODITIES MARKET PREVIEW-3

Iron ore price rising to US$152.50 a tonne

The spot price for iron ore is US$152.50 a tonne, ahead of the Australian market open.

As iron ore exports account for anywhere between 20-40% of Australia’s total exports, the price of iron ore is a key indicator for the trading day on the Australian stock market.

In other commodities, copper is trading at US$4.62 per pound, nickel is US$48,226 per tonne, and lithium is CNY¥493500 per tonne.

Gold is trading at US$1984.97 per ounce.

WTI crude oil is selling for US$109.33 per barrel while Brent oil is higher at US$112.67 per barrel.

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